The original version of this story appeared in Quanta Magazine. Imagine a town with two widget merchants. Customers prefer cheaper widgets, so the merchants must compete to set the lowest price.

For a hot moment, Daniel Vorcaro seemed to have made it in the tight-knit world of Brazilian finance. Once the host of a gospel show on a regional TV network, he was suddenly hobnobbing with the ...

You waited for the ETFs. You waited for the end of the lawsuit. You waited for a friendly White House. You got all three. And now, the price remains down 25% since the start of President Trump’s ...

NEW YORK — Federal Reserve Gov. Stephen Miran Thursday evening reiterated his view that monetary policy is too restrictive, emphasizing that the central bank should cut rates quickly to bring it down ...

WASHINGTON — Treasury Under Secretary for Domestic Finance Jonathan McKernan said Tuesday that he fears one fundamental building block of the banking system — low-cost deposits — could be under ...

Landlords could no longer rely on rent-pricing software to quietly track each other's moves and push rents higher using confidential data, under a settlement between RealPage Inc. and federal ...

Social media companies and their respective algorithms have repeatedly been accused of fueling political polarization by promoting divisive content on their platforms. Now, two U.S. Senators have ...

For most farmers, the next big project on the operation starts with a conversation with your banke, and being fully prepared before you walk into that meeting can significantly increase your chances ...

(Bloomberg) -- A former Goldman Sachs Group Inc. executive has left the corporate arm of Beyoncé’s entertainment and management company for an investment firm active in the consumer space. Janki ...